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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A
(Rule 14A-101)
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
Filed by the Registrant [ ]
Filed by a Party other than the Registrant [X]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Definitive Proxy Statement [ ] Confidential, for Use of the
[X] Definitive Additional Materials Commission Only (as permitted)
[ ] Soliciting Material Pursuant to by Rule 14a-6(e)(2)
Rule 14a-12
THE PIONEER GROUP, INC.
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(Name of Registrant as Specified In Its Charter)
LENS INVESTMENT MANAGEMENT, LLC
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(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment of filing fee (Check the appropriate box):
[X] No Fee Required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
(1) Title of each class of securities to which transaction applies:
Not applicable
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(2) Aggregate number of securities to which transaction applies: Not
applicable.
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(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined): Not
applicable.
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(4) Proposed maximum aggregate value of transaction: Not applicable.
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(5) Total Fee Paid: Not applicable.
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[ ] Fee paid previously with preliminary materials:
[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid: Not applicable.
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(2) Form, Schedule or Registration Statement No.: Not applicable.
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(3) Filing Party: Not applicable.
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(4) Date Filed: Not applicable.
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NY2:\911472\01\58531.0014
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CONTACT FOR IMMEDIATE RELEASE
Timothy Holland
Alan towers associates
212-354-6942
[email protected]
PROXY MONITOR ENDORSES LENS'S CANDIDATES FOR PIONEER BOARD
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PORTLAND, ME, May 12, 2000 - Proxy Monitor, one of America's leading consultants
to institutional investors on the voting of proxies, has endorsed the five
candidates Lens Investment Management, LLC, proposed for election to the Board
of Directors of The Pioneer Group, Inc. (NASDAQ: PIOG). Earlier this week,
Institutional Shareholder Services, another leading consultant on the voting of
proxies, also endorsed the Lens slate. In its Pioneer proxy statement, Lens has
stated that, if elected, the candidates will push immediately for the successful
sale of the company. Pioneer's 2000 Annual Meeting is scheduled for May 16 at
9:30 AM at the offices of Hale and Dorr, LLP in Boston, Massachusetts.
Lens's candidates for Pioneer's Board of Directors are:
o John P. M. Higgins
o Robert B. Holmes
o Robert A. G. Monks
o Richard A. Bennett
o George W. Siguler
The Lens proxy statement can be found at the SEC's website, www.sec.gov.
Lens Investment Management, LLC, is an activist investment management firm that
invests in companies it believes are underperforming despite strong underlying
values and susceptible to increased value through shareholder activism. Its
founder and Chairman Robert A. G. Monks is an internationally recognized
authority on corporate governance and a pioneering activist investor. Lens and
its affiliates, which manage in excess of $400 million of capital, own
approximately 4.34% of Pioneer's outstanding common stock.
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